Higher Resource Costs Shift the

question 185

Multiple Choice

Higher resource costs shift the

• A) long-run aggregate supply curve leftward, decreasing real GDP and increasing potential GDP.
• B) short-run aggregate supply curve leftward, raising the price level and decreasing potential GDP.
• C) short-run aggregate supply curve leftward, raising the price level and decreasing real GDP so it is less than potential GDP.
• D) short-run aggregate supply curve rightward, raising the price level and decreasing real GDP so it is less than potential GDP.

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Conflicts or differences of opinion among members of a particular group or organization.

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